The Russian experience with Messrs Summer, Rubin and Geithner argues otherwise. (Leaving Greenspan to one side, as you surely did not mean to include that Randian hack in your statement in the first place.)

While some people saw one or more of these factors, virtually no one involved in the financial system--whether institutions, investors, regulators, analysts, or commentators--recognized the breadth of forces at work or the possibility of a megacrisis, and this included the most experienced among us. More personally, I regret that I, too, didn't see the potential for such extreme conditions despite my many years involved in financial matters and my concern for market excesses.